Trading Tech
FX Spending On the Rise
LONDON-Half of foreign exchange (FX) dealers plan to spend more on technology next year than they did this year, according to a recent poll of bank delegates who attended the FX Week Europe 2008 Congress in London last week.
Paging the CLO
A little over a year ago, a couple exchange officials introduced me to a new C-level job description in the industry-chief optimization officer. The role, as it was explained to me, is to ensure that all trading systems within the investment bank deliver…
UBS Cuts Hardware Spend, Moves to Virtualization
NEW YORK—Like many financial firms these days, Swiss banking giant UBS plans to decrease its hardware-related spending in the coming year, according to senior technologists at the bank. UBS has already seen an 80 percent decline in spending on desktops…
Tradebook Resumes FX Trading
NEW YORK-After a six-week trading outage due to the foreign exchange (FX) industry's concern over the viability of its central clearing partner AIG, Bloomberg Tradebook FX is back in production, trading more than 40 currency pairs after partnering with…
Ivory to Take On Mainframes
ATLANTA-Service-oriented architecture (SOA) software developer GT Software plans to make its SOA development environment for mainframes, Ivory Service Architect, easier to integrate with more systems in the next release, DWT has learned.
Thomson Reuters Ups Prices, Freezes Some
Thomson Reuters will increase the prices for most of its financial products by 4.75 percent next year, according to a 2009 price list obtained by Inside Market Data .
Savvis Adds Connectivity Options
Network and hosting services provider Savvis has expanded the options available for trading firms to connect to data from exchanges and other trading venues in recent weeks, in response to client demand for access to more data, and data from new venues,…
Intel Launches Nehalem Line
NEW YORK-Intel is launching today, Nov. 17, the first product in a family of offerings built on its new Nehalem processor technology.
TNS Expands MTF Access, Low-Latency Services
Network service provider Transaction Network Services is expanding the number of European multilateral trading facilities to which it provides connectivity, and plans to offer new technologies already established in the US market to help European clients…
FTEN Adds European Destinations
NEW YORK-Prime brokerage customers of direct market access (DMA) and trading technology provider FTEN can now provide their clients access to European venues, DWT has learned.
Icap Starts EBS Update
LONDON & SINGAPORE-Interdealer broker Icap plans to roll out new features on its electronic foreign exchange (FX) trading platform, EBS Spot, on Saturday, Nov. 22, according to Icap officials.
Special e-FX Wizards
As foreign exchange (FX) trading volumes continue to break records, DWT European reporter Cecilia Bergamaschi discusses the evolution of e-FX trading platforms with Saxo Bank's head of product management Brian Kelly.
Nasdaq OMX Sets January New Quote Launch
NEW YORK-Exchange operator Nasdaq OMX Group plans to launch its second U.S. protected quote on Jan. 6, pending approval by the U.S. Securities and Exchange Commission (SEC), according to officials.
E-trading Drives Institutional Adoption of Options
NEW YORK-Although retail clients have previously dominated U.S. equity options trading, institutional firms are beginning to take over the customer segment and will represent 57 percent of the client base by the end of 2009, according to a recent report…
Sungard Readies MicroHedge Release
NEW YORK- Traders of equities, index and futures options will have a more granular view of their trading risk as SunGard introduces intra-day decay tracking in the latest update of its options trading and risk management platform MicroHedge, according to…
CA Cheuvreux Prepares Internal Cross
NEW YORK-Clients of CA Cheuvreux will have another potential liquidity pool to tap as the agency brokerage arm of Crédit Agricole is in the process of rolling out its new internal crossing network, dubbed Blink, DWT has learned.
Finding the Secret Ingredient
It seems that my editor's letter in DWT 's recent latency special report ( DWT , Nov. 10) in which I discuss the trend of hiring IT staff outside from the financial verticals and what impact that would have for organizations has gotten some push back…
Instinet Takes CBX to Hong Kong
HONG KONG-Electronic agency broker Instinet is set to expand its CBX off-exchange liquidity pool for institutional investors to Hong Kong at the end of the month, officials tell DWT .
NYSE Euronext Sets Spring Launch
PARIS-Exchange operator and technology provider NYSE Euronext is set to launch a new market model for warrants and certificates, dubbed Spring, on Jan. 19, 2009, say officials.
BT Casts Ultra Net in Chicago
BT Global Financial Services is preparing to roll out an iteration of its Radianz Ultra Access network for the Chicago market that will provide ultra-low-latency connectivity between trading firms and exchange venues in the Chicago area, officials tell…
NextView Preps Japanese Terminals, Scanner Tool
Singapore-based data vendor NextView plans to launch a new data terminal product in the first quarter of next year, aimed at commodities traders in Japan, officials tell Inside Market Data .
SpryWare Debuts Quote Mitigation
Chicago-based ticker plant and low-latency data provider SpryWare will this week unveil a new component of its Market Information Server ticker plant, dubbed Quote Mitigation Technology, that enables clients to populate display applications with data…